…………………budget is the preparation of budget starting from a clean state.

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• ………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
• Material budget consists of two parts, one is the consumption budget and another Is .
• Which one of the following is not considered for preparation of cost sheet?
• Principle’ for preparation of working capital statement -Increase in current asset .
• Principle’ for preparation of working capital statement - Decrease in current asset .
• Principle’ for preparation of working capital statement -Increase in current liability .
• Principle’ for preparation of working capital statement -Decrease in current Liability .
• The fixed-variable cost classification has `a special significance in the preparation of .